Leggett & Platt has received all requisite regulatory approvals for its merger with Somnigroup International Inc., as previously announced in the Agreement and Plan of Merger dated April 13, 2026. The company anticipates closing the transaction as early as August 26, 2026, at which point Leggett & Platt will survive as a wholly owned subsidiary of Somnigroup International Inc. This development marks the final regulatory hurdle before the completion of the acquisition. Leggett & Platt operates in the diversified manufacturing industry, producing engineered components and consumer products.

Leggett & Platt shareholders approved the merger agreement with Somnigroup International Inc. at a special meeting on August 20, 2026. Of the 136,578,715 outstanding shares, approximately 80.35% voted, with 102,234,833 votes in favor of adopting the merger agreement and 100,258,757 supporting an advisory vote on executive compensation. The transaction remains subject to remaining regulatory approvals before closing. Leggett & Platt is a diversified manufacturer that designs and produces engineered components for bedding, automotive seating, furniture, flooring underlayment, and hydraulic cylinders.

Leggett & Platt reported second quarter 2026 results with sales of $1.0 billion, a 6% decrease from the prior year period, driven by a 5% decline from divestitures and weak demand in bedding and housing-related markets. Adjusted earnings per share rose to $.39 from $.30, supported by metal margin expansion and restructuring benefits, while reported EPS fell to $.33. The company announced a third quarter cash dividend of $0.05 per share, payable on August 24, 2026. Leggett & Platt is a diversified manufacturer of engineered components and products for bedding, automotive, furniture, and industrial applications.